Common use of Termination Benefits; Severance Clause in Contracts

Termination Benefits; Severance. (a) If the Executive’s employment is terminated by the Company or the Executive for any reason or no reason (except as stated in (iii) below), then the Executive shall be entitled to the following:

Appears in 3 contracts

Samples: Executive Employment Agreement (Progress Software Corp /Ma), Executive Employment Agreement (Progress Software Corp /Ma), Executive Employment Agreement (Progress Software Corp /Ma)

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Termination Benefits; Severance. (a) If the Executive’s employment is terminated by the Company or the Executive for any reason or no reason (except as stated in (iii) below), then the Executive shall be entitled to the following:

Appears in 1 contract

Samples: Executive Employment Agreement (Progress Software Corp /Ma)

Termination Benefits; Severance. (a) If the Executive’s employment is terminated by the Company or the Executive for any reason or no reason (except as stated in (iiiii) below), then the Executive shall be entitled to the following:

Appears in 1 contract

Samples: Executive Employment Agreement (Progress Software Corp /Ma)

Termination Benefits; Severance. (a) If the Executive’s employment is terminated by the Company or the Executive for any reason or no reason (except as stated in (iii) below)reason, then the Executive shall be entitled to the following:following (the “Mandatory Payments”):

Appears in 1 contract

Samples: Form of Executive Severance Agreement (Progress Software Corp /Ma)

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Termination Benefits; Severance. (a) a. If the Executive’s employment is terminated by the Company or the Executive for any reason or no reason (except as stated in (iii) below), then the Executive shall be entitled to the following:

Appears in 1 contract

Samples: Executive Employment Agreement (Progress Software Corp /Ma)

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